Thousands of Models, One Story: Current Account Imbalances in the Global Economy

Michele Ca' Zorzi, Alistair Dieppe and Alexander Chudik

No 3184, EcoMod2011 from EcoMod

Abstract: The global financial crisis is leading to a revival of the empirical literature on current account imbalances. This paper contributes to the literature by investigating the importance of model and parameter uncertainty to assess external imbalances. Panel data, current account models, model averaging A story emerges out of thousands possible models, expressed as a probability statement. The chance that, prior to the financial crisis, the world had a balanced current account constellation appears negligible.

Keywords: G7 countries; Macroeconometric modeling; Miscellaneous (search for similar items in EconPapers)
Date: 2011-07-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://ecomod.net/system/files/Global%20Imbalances_MCZ_AD_AC_January%202011.pdf
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (http://ecomod.net/system/files/Global%20Imbalances_MCZ_AD_AC_January%202011.pdf [301 Moved Permanently]--> https://ecomod.net/system/files/Global%20Imbalances_MCZ_AD_AC_January%202011.pdf)

Related works:
Journal Article: Thousands of models, one story: Current account imbalances in the global economy (2012)
Working Paper: Thousands of models, one story: current account imbalances in the global economy (2012)
Working Paper: Thousands of models, one story: current account imbalances in the global economy (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ekd:002625:3184

Access Statistics for this paper

More papers in EcoMod2011 from EcoMod Contact information at EDIRC.
Bibliographic data for series maintained by Theresa Leary ().